Gold Dives to Four-Week Low as Investors Take Profits

Gold futures dive to a four-week low as investors continue to take profits off the 2014 surge. Kitco.com senior analyst Jim Wyckoff tells TheStreet's Joe Deaux that market sentiment is for the yellow metal to move sideways to lower over the near term. Chinese manufacturing data slowed overnight, suggesting that there is less demand for commodities, and therefore hitting the gold price. Wyckoff also says the Russia-Ukraine crisis remains on the market's radar for now.